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Sep 30, 2021
Olaplex Q3 2021 Earnings Report
Olaplex reported strong third quarter results, completed its Initial Public Offering, and introduced its fiscal 2021 outlook.
Key Takeaways
Olaplex Holdings, Inc. announced financial results for the third quarter ended September 30, 2021, with net sales increasing by 81% to $161.6 million compared to the third quarter of 2020. The company also completed its initial public offering during the quarter.
Net sales increased 81% to $161.6 million, driven by growth across all distribution channels.
Gross profit increased 103% to $127.5 million, with gross margin increasing to 78.9%.
Net income increased 99.9% to $56.6 million, or $0.08 per diluted share.
Adjusted EBITDA increased 63.3% to $106.8 million, representing 66.1% of net sales.
Revenue by Segment
Forward Guidance
The Company is introducing its outlook for Fiscal Year 2021. For Fiscal 2021:(Dollars in millions)20212020 Actual% change(based on mid-point)Net Sales$580 - $588$282+107%Adjusted Net Income*$263 - $268$131+103%Adjusted EBITDA*$392 - $398$199+98%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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